Finally some glimmer of hope for Atlantic City casinos
Atlantic City lost four out of its twelve casinos over the past year. The eight remaining casinos still in operation showed a 22 million dollar increase in total revenue in March compared to casino income for February. The 190.7 million dollars posted by the eight land based casinos is an increase of just under 1.5 per cent compared to March of last year. The past year has seen four casinos go out of business starting with the Atlantic Club then the Showboat closed in August 2014. The Trump Plaza closed while its sister casino, the Trump Taj Mahal got a reprieve. Then there is the ongoing saga of the Revel casino resort that cost 2.4 billion dollars to build and which was finally sold for 85 million dollars recently after a long drawn out court case but its future as a casino isn’t certain.
Atlantic City looking to the future
Like casinos in Asia, Atlantic City is looking to offer other and family based entertainment to attract clients to its casinos and to the city. There have been discussions on revamping the city’s famous Boardwalk and on providing other types of leisure activities. The casinos are also looking to the future and renovating. The Tropicana casino resort is carrying out renovations to its hotel and casino costing 50 million dollars. The resort’s rooms and its casino are getting a complete make- over and the casino will have new games on offer. There will be a state of the art fitness centre. The Tropicana also caters for other non-casino activities and includes a theatre and an exhibition centre.